Is ETH Price About to Soar? Ethereum Foundation Fully Expands Capacity, Vitalik Focuses on Research!
TradingKey - The Ethereum Foundation is adjusting its development strategy. Can ETH price bounce back?
On April 21, Tomasz K. Stańczak, the incoming co-executive director of the Ethereum Foundation, announced via community channels a strategic shift in focus. In the short term, the Foundation will prioritise Layer 1 scaling, provide continued support for Layer 2 solutions, and work to improve user experience. Over the next 1-2 years, the goal is to implement new features through enhancements to the execution and consensus layers.
Stańczak also revealed that Ethereum founder Vitalik Buterin will step back from daily coordination tasks to concentrate more on research, with a focus on RISC-V, zkVM, and privacy technologies.
Over the past year, ETH has significantly underperformed, not only relative to BTC but also Solana (SOL).Bitcoin gained over 25%, SOL declined by roughly 7%, while ETH saw a drop of more than 50%—a performance that has sparked criticism within the Ethereum community.
ETH and BTC price changes over the past year. Source: CoinMarketCap.
While the Ethereum Foundation’s new strategy may strengthen ETH’s fundamentals in the long term, the token could still face short-term headwinds. According to analyst @ali_charts, ETH needs to break through the $2,330 resistance level to initiate a meaningful rally. A successful breakout could signal the start of a new bullish trend.
ETH price chart. Source: TradingView.
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